Middle East Crude-Benchmarks mixed; Vietnamese grade strengthens

Middle East crude benchmarks Oman and Dubai were mixed on Monday

  

SINGAPORE- Middle East crude benchmarks Oman and Dubai were mixed on Monday.

Koch bid an April-loading Oman crude cargo at 65 cents above Dubai through the market-on-close price assessment process, but did not attract any sellers.

In the spot market, Taiwan's CPC closed a monthly tender seeking sweet crude for May delivery, with bids valid till Wednesday.

Gazprom Neft closed a spot tender selling a Russian ESPO crude cargo loading April 3-13. The result is not yet clear.

ONGC offered a Russian Sokol crude cargo loading April 27-May 3 via a tender to be closed on Friday.

ASIA-PACIFIC CRUDE:

Malaysia's Petronas has set the monthly price factors for March-loading crude. 

Vietnam's PV Oil sold a cargo of Chim Sao crude at $2.5-$3 above dated Brent via a tender, likely to Shell, traders said.

Last month, a March-loading Chim Sao cargo was sold at $2.2-$2.25 above dated Brent to Shell via a PV Oil tender, traders said at that time. 

NEWS

Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news agency on Monday ahead of a meeting of the group next week. 

Iraq has decided to freeze its first crude oil prepayment deal, which had aimed to boost its finances, because oil prices are rising, the country's oil minister told BBC Arabic on Sunday. 

OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies. 

S&P Global Platts has decided to include U.S. crude grade WTI in its dated Brent oil price assessment, the first crude from outside the North Sea to be added to the global benchmark, the company said on Monday. 

The share of Canada and the United States of America in India's January oil imports surged to a record 11% while that of the Middle East and South America declined, data obtained from sources showed. 

(Reporting By Shu Zhang; Editing by Rashmi Aich) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))


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